Muntajat B.V., a wholly owned subsidiary of Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat) Q.J.S.C. has inaugurated its headquarters in The Hague, Netherlands.

The office inauguration ceremony was followed by a dinner that was held at the Grand Hotel Amrâth Kurhaus and attended by His Excellency Dr. Mohammed bin Saleh Al-Sada, the Minister of Energy and Industry of the State of Qatar, and Chairman of Muntajat’s Board of Directors, His Excellency Mr Khalid bin Fahad Al-Khater, Ambassador of the State of Qatar to The Kingdom of The Netherlands, the Secretary General of Economic Affairs of the Netherlands, Mr. Maarten Camps, and 300 guests from the downstream industry.

Muntajat, which was launched in the second half of 2012, holds exclusive rights to market, distribute and sell Qatar’s 10-million tonnes of chemical and petrochemical exports to the global market. His Excellency Dr. Mohammed bin Saleh Al-Sada described the inauguration of Muntajat B.V. headquarters as an important milestone for Muntajat as well as for Qatar’s chemicals and petrochemicals sector. Dr. Al-Sada said the key to Qatar’s success in the responsible and sustained utilization of its hydrocarbon resources was “the development and diversification of its petrochemical industry, which maximised the potential of these resources”.

Speaking at the inauguration event, His Excellency said “for more than a year now, Qatar’s downstream products have been marketed and sold under a single banner: Muntajat.” “At age 2, Muntajat stands today ready to announce assuming responsibility for the full 100% of Qatar’s high quality chemical and petrochemical production,” Dr. Al-Sada added, stressing that Muntajat B.V. - the international marketing arm of “Muntajat” is proud to be the latest addition to the Hague, along with a long list of international companies, institutions and organisations.

Speaking at the inauguration dinner, Mr. Abdulrahman Ali Al-Abdulla, Chief Executive Officer of Muntajat said “The inauguration of the international Marketing Company’s headquarters marks a defining moment for Muntajat. Muntajat BV represents the fulfilment of our mission of marketing “Made in Qatar” chemical and petrochemical products on the global market. Our international marketing network is expanding and already services more than 120 countries.”

“Muntajat is the success it is today because it leverages the value of top local and international talent, a roadmap we will continue to follow in the future. We’re pleased that The Hague and The Netherlands are part of the Muntajat story moving forward.” Based in the World Trade Center, the newly established headquarter will set strategic direction for the network’s global marketing offices and serve customers based in Europe and USA. The Secretary General of Economic Affairs in Netherlands, Mr. Maarten Camps, said:“Qatar and the Netherlands. We are both small countries with big ambitions. We are both true gas-producing countries. We’re also countries in transition – looking to add more sustainable energy to our energy mix.”

Recognized as a world leader in natural gas production, the State of Qatar is also a major producer of chemicals and petrochemicals. Its current chemical and petrochemical export portfolio is expected to get a boost from new project’s launches in the coming few years. With growing global demand for chemicals, polymers and fertilisers, Qatar’s increasing production is supplying and supporting the growth of a wide number of industries around the world. The State is investing billion of dollars in its chemical and petrochemical sector until 2020 as part of its economic diversification strategy and its mission to increase its global market share in the chemicals and petrochemicals industries.